Six-Office
For Sale
$650,000
Pending
4991 N BUTLER Avenue, Farmington, NM 87401
Commercial Sale, Farmington, NM
Property Size2,331 SF
Lot Size1.36 Acres
Days on Market50
Property Features for 4991 N BUTLER Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Commercial
Directions
On the corner of Butler and Pinon Hills Blvd.
Subdivision
3H
Standard status
Pending
Size
2,331 SF
Lot size
1.36 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
BEG AT SW CORNER OF SW/4 SE/4 NE/4 NE/4 OF SEC 34 30 13. BK.1555 PG.764
Legal Description
BEG AT SW CORNER OF SW/4 SE/4 NE/4 NE/4 OF SEC 34 30 13. BK.1555 PG.764
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Amenities
refrigerated air conditioning
Building Details
Floors in Building
1
Roof type
Shingle
Listing Agency:
Coldwell Banker Cornerstone · Coldwell Banker Real Estate
(505) 325-7788
Listed By:
Daniel J. Klepac · License #38781
(505) 486-5391
Added: Sep 11
Changed: Oct 26
Last Checked: Oct 30 at 3:06AM
MLS# 26-1155
Copyright © 2026 San Juan County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The office building contains 2,331 square feet on a 1.36-acre parcel. Its layout includes six private offices, a reception area, two bathrooms, and a kitchen with washer and dryer hookups. Heating is natural gas, cooling is central air, and the roof is shingle.
The property sits at the corner of Butler and Pinon Hills.
The property sits at the corner of Butler and Pinon Hills.
Key Highlights
- 2,331 square feet on 1.36 acres
- Six private offices, reception area, two bathrooms, and kitchen
- Kitchen includes washer and dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,811
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,220
$416.2K
Cap Rate 7%
$297,300
$297.3K
Cap Rate 9%
$231,233
$231.2K
Market Conditions
NOI Build-Up for 2,331 SF
Gross rent
$34.7K $14.88/SF
− Vacancy
−$6.9K −$2.98/SF
EGI
$27.7K $11.90/SF
− OpEx
−$6.9K −$2.98/SF
NOI
$20.8K $8.93/SF
Area
San Juan County, NM
Vacancy
20.00%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,220
Cap Rate 7%
$297,300
Cap Rate 9%
$231,233
Alternative Uses
Best Use
Office B
$297.3K
$260.1K – $346.9K
NOI $20,811 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$482.2K
$421.9K – $562.6K
NOI $33,755 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
Explore this area
Business Placement
Demographics for 87401, NM
44,724
Population
17,611
Households
2.5
Avg Household Size
34
Median Age
19%
College-Educated
88%
High-School Grad
132.8 sq mi
ZIP Area
337
Density / Sq Mi
$56,358
Median Household Income
$31,362
Median Earnings
$983
Median Rent
$202,400
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - A kitchen with washer and dryer connections complements the private work areas.
Where is this office building located?
The property is located at 4991 N BUTLER Avenue Farmington, NM.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,331 square feet on 1.36 acres; Six private offices, reception area, two bathrooms, and kitchen; Kitchen includes washer and dryer hookups
